Wise plc (LON:WISE) Receives GBX 897.20 Average Price Target from Brokerages

Shares of Wise plc (LON:WISE) have been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 897.20 ($11.49).

A number of research analysts have recently issued reports on WISE shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,123 ($14.38) price objective on shares of Wise in a report on Monday, April 22nd. Royal Bank of Canada reiterated a “sell” rating on shares of Wise in a report on Wednesday, May 15th. Berenberg Bank reduced their price objective on shares of Wise from GBX 1,140 ($14.60) to GBX 1,045 ($13.39) and set a “buy” rating for the company in a report on Thursday, June 27th. Finally, Citigroup reiterated a “sell” rating and set a GBX 660 ($8.45) price objective on shares of Wise in a report on Monday, June 24th.

Wise Stock Up 0.3 %

Shares of LON WISE opened at GBX 744.50 ($9.54) on Thursday. The stock has a market capitalization of £7.59 billion, a P/E ratio of 3,545.24, a P/E/G ratio of 1.37 and a beta of 0.72. The company has a 50-day moving average price of GBX 768.23 and a 200-day moving average price of GBX 837.06. Wise has a 1 year low of GBX 607 ($7.78) and a 1 year high of GBX 997.50 ($12.78). The company has a debt-to-equity ratio of 41.95, a current ratio of 1.05 and a quick ratio of 0.06.

Insider Buying and Selling

In related news, insider Terri Duhon bought 308 shares of the company’s stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of GBX 811 ($10.39) per share, for a total transaction of £2,497.88 ($3,199.54). 28.61% of the stock is owned by corporate insiders.

About Wise

Wise plc provides cross-border money transfer services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. The company's transfer infrastructure includes Wise Account for international people who need to move and manage money across borders; Wise Business for international businesses need; and Wise Platform that allows businesses and banks to offer their own customers international payments.